Will a lender help people who need to relocate and are upside down on their home?

Posted by Dolores
SK asked:


My husband is retiring from 24 years of service in the military. We are 90K upside down on home. We have a job offer in another state.

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This entry was posted on Monday, September 14th, 2009 at 2:42 pm and is filed under Personal Finance. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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2 Responses to “Will a lender help people who need to relocate and are upside down on their home?”

  1. Jorge M Says:
    September 17th, 2009 at 11:26 am

    Caffeinated Content

    No, because the lender will lose money. You have more chance if you look in the new state though.

  2. David M Says:
    September 17th, 2009 at 8:25 pm

    Caffeinated Content

    With the military pension and the income from the new job you may be able to pay this off.